for those of you with both inquisitive minds and ipods (i presume that to be many of you reading this blog) i encourage you to download this recent podcast of the public radio show "this american life". it is a one hour program outlining in very basic terms just how the whole mortgage crisis thing came to be.
warning- you may come out of it feeling a little more pessimistic about the economy as a whole. but if its comparisons are valid, and our current situation really is just like the 1970's, then we've all only got to wait another 30 or so years until another boom comes along, right?
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I'm emailing you a wonderful ppt that takes a humorous look at what happened. Enjoy.
Greed. I haven't listened...but is that the short answer?
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